NIO REVERSES within descending parallel channel

On the 30-minute chart, I have drawn the upper (red) and lower (green) trendlines

of the descending parallel channel. While it had been riding the upper edge of

the Fibonacci/ EMA channel, it has reversed and headed toward the base EMA with

the candles green to red. The zero-lag MACD indicator lines crossed above the

histogram while the True Strength Index oscillator has had a line cross in the supply /

resistance zone for further information. I conclude it is time to close long positions

in profit and cross the aisle into short positions. I will take a put option trade for

the expirations of 5/19 @ $ 9.50 but a less risky trade would be a longer exiration

by 1-2 weeks ( while at the same time decreasing the reward potential.)